ANCHORAGE (KTUU) It was a discovery that changed Alaska. 52 years ago this week, back in February 1968, ARCO and Humble Oil announced that they had found oil in Prudhoe Bay.
Initial conservative estimates projected 9.6 billion barrels of oil in the ground with a possibility of reaching 15 billion barrels with additional development. As it stands today the 18 billionth barrel of oil was pulled out of Prudhoe Bay this year.
This discovery changed the face of the last frontier forever and it happened Once Upon Alaska.
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